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for a trillion dollar deficit for the last four years. the largest, fastest that increase in american history and say that we have to control spending. you have done nothing to control spending over the last four years. with respect to cut cabin balance it's amazing to me also that the idea of cutting wasteful spending, capping the ability of congress to spend money we don't have, and balancing the budget is extreme. i think it would force the congress to set priorities and stop funding things like cylinder solyndra and prioritize like social security, medicare and education and that's why i support the balanced budget to the constitution. >> i especially like watching the gavel-to-gavel coverage. it is really only the place to get the real deal and i also enjoy newsmakers and the book programs i like that the commentary is only intended to let you know what is going on and there isn't really much analysis. they're certainly isn't an opinion, and i appreciate how i can really see through and understand the programming itself and i can get my analysis elsewhere. if you want to see how your gov
and that there are -- i mean, in past budget deficits, big budget deals, there have been efforts made, successful efforts to either expand or protect low income programs. so it is possible to do without putting at risk the most vulnerable, the major deficit reduction packages of 1990, 1993 and 1997 all protect programs for low income americans as did the bowles-simpson proposal that was under consideration last summer that pushed out, that created the sequester. the resolution of which created the sequester and the current cliff that we're looking at. so i guess i would say i don't disagree that these programs are at risk, but it's important to know that lots of people are working to protect them, and that it is, certainly, these are not programs that are contributing to the long-term fiscal problems in the country, and so there's no reason why they can't be protected as part of the resolution. >> just to clarify, um, while the big programs like snap are not subject to sequester, you know, lie heap, wic which is the special nutrition program for women, infants and children, head start, there are a number
said he'd cut the deficit. it hasn't happened. we have someone who is running for president who knows how to bring back jobs. he has the experience. he has the experience and the record nd he knows how to work with democrats and repubicansbls and that's why we need mitt romney to fix what's broken and bring back the american dream. i see a uaw member here in front of me. i will talk autos in a way that is straight talk. obama said a few things that, as he said, were "whoppers." he said, you wanted to take those companies through ban kruptcy. it was obama who took gm and chrysler through bankruptcy. it was mitt romney who did provide for loan guarantees. every fact-checker who looked has said that barack obama was wrong and was not telling the truth. this is what is most important, with the communities depending on autos. the policies that will be good for the auto industry, for the state of ohio. [applause] he wants sensible regulations, for the auto companies and to make sure we can get the auto companies on their feet and make sure trade is fair. he wants worker retraining to work b
ran deficits. when daniels came into power on budgets you helped to write, indiana was $700 million in debt and had a deficit of $820 million. the facts are stubborn things. i would like to know, how are we going to mature and preserve the fiscal integrity of indiana? >> if you would have spent the last 12 years in india rather than in congress you would know your budget has to be balanced. i balanced and produced balanced budgets. i find it almost laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted not once, not twice but five times congressman. you voted and the results increased our deficit by 200 billion, billion with a b dollars. >> find a key governors races from across the country on c- span, c-span radio and c- span.org/campaign2012. host: we turn our attention now to the history of the october surprise. or events that happened before an election. our guest is joining us from their studios in washington you wrote that the october's surprise is a long story and mostly exaggerated history. so, why we have october surprises an
. it relates to debt and deficits which and that is if you're an sbe preneurothinking of risking your live ever life savings to start a business or build a factry, if you think america is on the road to greece or italy or spain, you're less likely to invest in america. and right now we spend a trillion more than we take in. it's bad for the economy. . i think it's immoral for us to pass on debt like that to our kids and i will get america on track to a balanced budget. [applause] and number five, is to be a champion of small business, help small business grow and thrive. by the way, i didn't study small business alone. i've lived small business. i know how business works and i want to use that experience and that skill to help small businesses across the country. and there are a lot of ways to do that. let me mention just a couple. one relates to our taxes. do you realize that the taxes paid by a small business in america can be as high as 35%, that's the income tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find
, he asked the wealthiest americans to pay a little more so that we can reduce the deficit and make investment in education, research, and guess what? a bunch of folks running for congress at the time said this is going to hurt the economy. this is going to kill job creation. if that argument sounds familiar, one of those candidates has to be running for president right now. it turns out his bath at their math was just as bad back that as it is now. -- then as it is now. by the end of bill clinton's second term, americans created 23 million new jobs. poverty was doubt and the deficit became the biggest surplus in history. colorado, we know the ideas. we know that our ideas work. we also know those that don't work. eight years after bill clinton left office. his policies were reversed. the wealthiest americans got tax breaks they did not need. companies enjoy tax breaks for shipping jobs overseas and insured that oil companies and wall street were given free rein. folks got to play by different set of rules than the rest of us. the result was falling in comes and record deficits and
for president obama. you know that he promised bipartisanship and to reduce the deficit by half. you know that he was going to give us accountable government. he said he would reduce the health insurance by $2,500. today we have -- we had promises of economic recovery. this president today has not delivered on his promises of 2008. that is reason enough to have him not be president of united states. he has not delivered. [applause] it is very clear that america cannot afford four more years obamanomics. and the abuse of power by pointing many of his own party and executive orders be on the constitution. -- beyond the constitution. we will have a new president obama -- pardon me, i mean, president runomney. $814 steel is that did not work. -- stimulous that did not work. worst economic problems america has faced since world war ii. 23 million people looking for full-time jobs. under an employment a 40% of the economy. -- underemployment making up 40% of the economy. many people on food stamps. that is the failure, but americans are not quitters. we can turn the ship around and we will turn
for president obama. you know that he promised partisanship and to reduce the deficit by half, that he was going to give us accountable government, that he was going to reduce your health insurance by $2500. today we have would have 5 and 6% unemployment instead of 8 and 9%. that was all part of economic recovery, wasn't it? this president has not delivered on his promised of 2008 and that's reason for him to not be president of the united states. he has not delivered. so it's very clear, america can't afford four more years of obama no, ma'am i cans and partisanship and the unconstitutional abuse of power by appointing so many decars and making so many expective orders beyond the constitution. and we will put america on a new path to a new day with a new president obama, a new president romney, pardon me. you know, i want to forget that word. healthcare and gas prices are high. small businesses burdened with all the government regulation we have. an $814 stimulus that didn't work. high taxes and deficit spending hurting and killing small business, worse economic problems that america has faced
to reducing the deficit, there are two ways to reduce it. cuts and revenues. what would you cut, are the cut enough? >> it is not about real -- increasing our revenues. it is about growing the economy. we must extend our current tax rates personally. the job creators in this country, they tell me we need certainty. they do not understand what their tax bill will look like next year. let's give them so they can invest in inventory, and people. when that happens, that is how the economy grows. that is how jobs are created. that is how jobs will be available when students graduate in may. if we do not grow this economy and some of the plants my opponent has put forward will lead to job losses. his tax plan to raise taxes on those making too much as $50,000 and above, the revenue will fund 11 days of government operations. it will cost illinois alone 30,000 jobs. college students in bloomington, let alone the other eight universities and colleges in this district, cannot afford $30,000 -- 30,000 jobs leaving illinois. those are opportunities they will not have. >> candid gill. are cut enough? >>
speaker speaker of the house, for five of the six years, indiana ran deficits. when mitch daniels caiman is a couple of years later on budgets that you helped to write, indiana was a 700 million-dollar state in debt, and had a deficit of $820 million. facts are stubborn things. i would just like to know for my colleagues how we are going to make sure we can preserve the fiscal integrity of the state of indiana. >> congressman, if you would've spent the last 12 years in indiana rather than in congress come up you would know that our balanced budget has to be done according to the constitution. i have balanced and produced bipartisan budgets. oddly, you talk about fort wayne's own day long in our lieutenant governor. i find it almost laughable that a united states congressman would lecture anyone about fiscal responsibility. you heard it not once, not twice, but five times, congressman. you voted and the results increased the deficit by $200 billion. >> find key house and senate in government races from across the country. find it at c-span.org/2012. >> we have a debate in rhode island's f
dollar deficits for the last of four years, the largest, fastest debt increase in american history and say we have to control spending. you've done nothing to control spending over the last four years. with respect to cut, cap, and balance, it's amazing to me that the idea of cutting wasteful spending, capping the ability of congress to spend money we don't have, and balancing the budget is extreme. i think it would force congress to set priorities and stop funding things like solyndra and to prioritize things like social security, medicare, and education. that's why i support a balanced budget amendment to the constitution. >> the race to succeed retiring new mexico senator akaka is just one of the key house or senate government races you can follow on c-span.org. -- house, senate, and governor races. >> "washington journal" continues. host: we are highlighting key battleground states of campaign 2012. today we put a spotlight on iowa. joining us from des moines is a senior political writer with the associated press, mike glover. what is the economy like in the iowa? guest: the ec
the statehouse, indiana ran deficits. when mitch daniels came into power just a couple years later, indiana was $700 million in debt and had a deficit of $820 million. you know, john, facts are stubborn things, and i'd just like to know from my colleagues on stage how are with we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressman if you'd spend the last 12 years in indiana rather than congress, you'd know our budget has to be balanced according to our constitution. i've balanced and produced bipartisan balanced budgets and, oddly, these you talk about, they were supported by fort wayne's own david long and our lieutenant governor, becky skillman. i find it almost laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted not once, not twice, but five times, congressman, you voted -- and the results increased our deficit by $200 billion, billion with a b, dollars. >> find key house, senate and governors races from across the country on c-span, c-span radio and c-span.org/campaign2012. >> our coverage inclu
for romney's deficit on the campaign level, and i don't think that's true. i think they're on a par or maybe even more of an advantage for democrats, when you count those outside groups. >> host: the caller also mentioned the electoral college, and because the swing states, florida, ohio, pennsylvania, virginia, nevada, some of these, have more electoral college votes than some of the other smaller states, and that the candidates are spending more time in these particular states, do you see a smaller hora -- or a larger ground game in states that don't get visited, state like washington, hawaii, california, new york, i mean, those -- texas, those states are already in one column, or their electoral college votes are so small, do you see a bigger ground game effort to make up for the fact that the candidate just isn't going to come there? >> no, your see almost no ground game in states that are not swing states. now, there are some swing states that are quite small, in terms of electoral votes and physical size, like new hampshire, iowa, nevada, both have only six electoral votes, but in the
rate. unlike most companies when you put on more and more deficit the rate goes up, they were able to borrow almost unlimited amounts at the government rate and create a portfolio which some people have described as a hedge fund because they were able to arbitraged the difference between government rates and the rate that they used to buy private label securities. i don't think the g s cs -- i do think it is a stretch to call them the cause of the financial crisis. so let's talk about what the gee scs have done subsequent to the crisis since they put into conservatorship. that is the point in time i am more familiar with and one of the things they have done and the reason i took the job is they have been the only game in town for the mortgage market. and here are the numbers accounting for 75% of total mortgage market if you add in fha, and other government mortgage providers, you get 95%. the private market has been providing a only 5% of the mortgage money where would we have been over the last three or four years without the gst performing this function? in addition, we worked w
and the deficit, the president's proposal was more realistic and it would have less of a shock to the system in the country and lead -- in that it would balance spending cuts. we like is more balanced approach to energy. we are in favor of obamacare. the editorial board was in favor of a public option so it did not go far enough for us. on social issues, immigration reform, women's rights, birth control, the editorial board aligns more with the president's policies. that is where we came down. we said that the voters are being asked by both candidates to take a leap of faith. given what we know about the previous four years, we decided that it was going to be an easier but to go with the president for four more. host: how many times have you seen president obama, governor romney, or their surrogates in your state? guest: president obama has been here eight times this year, governor romney has been here 6. paul ryan may be eligible to vote, he's been here that much. joe biden has been here once. we have had a lot of its from michelle obama. we have seen plenty of action this cycle. host: bill
that you were running the statehouse, indiana ran deficits. when mitch daniels came into power just a couple years later on budgets you helped to write, indiana was $700 million in debt and had a deficit of $820 million. you know, john, facts are stubborn things, and i'd just like to know from my colleagues on stage how are we going to make sure and preserve the fiscal integrity of the state of indiana? >> congressman, if you'd have spent the last 12 years in indiana rather than in congress, you'd know that our budget has to be balanced. indiana, according to our constitution. i've balanced and produced bipartisan balanced budgets, and oldly, these -- oddly, these you talk about, they were supported by david long and our lieutenant governor, becky skillman. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted not once, not twice, but five times, congressman, you voted to -- and the results increased our deficit by $200 billion, billion with a b, dollars. >> find key house, senate and governor's races from across the countr
, for five of the six years you were running the state house, indiana ran deficits. when mitch daniels came into power indiana was $700 million in debt and had a deficit of $820 million. facts are stubborn things and i'd like to knoll how are we going to make sure and preserve the fiscal integrity of the state of indiana. >> if you had spent the last 12 years here you'd know our budget has to be balanced. i produce balanced budget t and they were supported by our own lieutenant governor. i find it laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted five times, congressman, you you voted and the results increased our deficit by $200 billion with a b dollars. >> find key house and governor races on c-span campaign 2012. >> an update on hurricane sandy coming up at about 2:30 eastern which up until then with an election a few days away a look at new hampshire. >> fst past week we've been taking a look at nine swing states and today we put the spotlight on the state of new hampshire. with the small state up in the northeast corner holding 4 el
. so i don't think that -- someone asked me if those outside groups would make up for romney's deficit on the campaign level, and i don't think that's true. i think they're on a par or maybe even more of an advantage for democrats when you count those outside groups. host: the caller also mentioned the electoral college. and because the swing states, florida, ohio, pennsylvania, virginia, nevada, some of these, have more electoral college votes than some of the other smaller states, and the candidates are spending more time in these particular states, do you see a smaller or a larger ground game in states that don't get visited, states like washington, hawaii, california, new york, texas. those states are already in one column, or their electoral college votes are so small, do you see a bigger ground game effort to make up for the fact that the candidate just isn't going to come there? guest: no, you see almost no ground game in swings that are not swing states. now, there are some swing states that are quite small in terms of electoral votes and physical size, like new hampshire, iowa
, to also reduce the deficit. my vote is mack. host: talk about commercials and ads on this race you have seen. especially the past couple of days and what you have been experiencing. caller: there are negative ads on both sides. never know what to believe. you see all kinds of negative things. the democrats, all kinds of negative things, the republicans. but you cannot base your vote on that. you have got to get their policies, principles, platforms, what they stand for, if they are conservative or liberal, and then, vote on that basis. host: had a thing florida will go over all? caller: overall it is one to go for romney. the polls are showing a couple point advantage to mitt romney. nelson, the democrat is ahead of mack, but we are all voting for mack and help him. host: wisconsin, on our line for independents. caller: appalling about the woman from wisconsin, my state about the woman from a woma from wisconsin. they say the debt is being rolled over. he is not fiscally responsible. he was nicknamed taxing it tummy when he was here -- taxing tommy. he is not fiscally responsible. and i
, and why? guest: we endorsed president obama. especially on the debt and the deficit, the president's proposal was more realistic and it would have less of a shock to the system in the country and lead -- in that it would balance spending cuts. we like is more balanced approach to energy. we are in favor of obamacare. the editorial board was in favor of a public option so it did not go far enough for us. on social issues, immigration reform, women's rights, birth control, the editorial board aligns more with the president's policies. that is where we came down. we said that the voters are being asked by both candidates to take a leap of faith. given what we know about the previous four years, we decided that it was going to be an easier but to go with the president for four more. host: how many times have you seen president obama, governor romney, or their surrogates in your state? guest: president obama has been here eight times this year, governor romney has been here 6. paul ryan may be eligible to vote, he's been here that much. joe biden has been here once. we have had a lot of
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